The following selected account balances are provided for Delray Mfg.         Sales $ 1,135,000 Raw materials inventory, beginning   41,000 Work in process inventory, beginning   54,300 Finished goods inventory, beginning   61,900 Raw materials purchases   156,100 Direct labor   220,000 Factory supplies used (indirect materials)   24,400 Indirect labor   48,000 Repairs—Factory equipment   5,250 Rent cost of factory building   60,000 Advertising expense   98,000 General and administrative expenses   129,000 Raw materials inventory, ending   43,100 Work in process inventory, ending   44,100 Finished goods inventory, ending   71,700     Prepare its schedule of cost of goods manufactured for the current year ended December 31.     DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials                 Raw materials available for use 0         Direct materials used   $0             Factory overhead:                                         Total factory overhead costs   0 Total manufacturing costs   0       Total cost of work in process   0       Cost of goods manufactured   $0

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning $ 14,100 $ 18,400 Work in process inventory, beginning 15,500 21,450 Raw materials inventory, beginning 8,800 12,450 Rental cost on factory equipment 31,500 23,200 Direct labor 20,400 41,000 Finished goods inventory, ending 18,500 16,100 Work in process inventory, ending 26,800 19,600 Raw materials inventory, ending 6,700 8,800 Factory utilities 10,500 12,500 General and administrative expenses 23,000 44,500 Indirect labor 14,450 13,860 Repairs—Factory equipment 4,700 2,150 Raw materials purchases 39,000 58,000 Selling expenses 50,000 55,300 Sales 274,470 395,150 Cash 34,000 22,700 Accounts Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for…

Domestic

Mason Company provided the following data for this year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning $ 8,600 $ 5,800 $ 71,000 Ending $ 10,800 $ 20,000 $ 25,400 $ 653,000 $ 82,000 $ 133,000 $ 106,000 $ 45,000 $ 223,000 $ 201,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement.